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TronWeekly

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Shiba Inu (SHIB) Set for 8% Weekend Jump: Here’s the Key Price Level to Watch

  • Shiba Inu's price action turns bullish after breaking out of a descending channel, with support at $0.000011 and resistance at $0.000014.
  • CoinCodex predicts SHIB could reach $0.00001254 by July 6, showing a potential 8% ROI over the weekend.
  • Over 1.3 billion SHIB coins were burned in a week through the ShibTorch portal, contributing to a long-term supply reduction narrative.
  • The community-driven burning method on Shibarium network aims at reducing circulating supply, signaling long-term optimism for Shiba Inu.

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